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$326,000

7304 Mitchell Dr, McKinney, TX, 75070

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,541 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$258.92 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater, Washer

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10948-00D-0160-1
Lot Number16
SubdivisionGreens At Stacy Crossing The (Cmc)
Land UseResidential
Legal DescriptionGREENS AT STACY CROSSING THE (CMC), BLK D, LOT 16; * UDI2024 *, UNDIVIDED INTEREST 50.0000000000% UDI2024
Census Tract030543
Assessed Land Value$50,000
Assessed Improvement Value$134,442
Assessment Year2025

About this property

Gorgeous two-story townhome conveniently located in the heart of Mckinney! This open floor plan has amazing curb appeal located in a prime location near the community pool with extra parking. Gourmet kitchen with all the upgrades including granite and backsplash. Spacious front entry and dining overlooking the the two story ceiling family room. Huge walk in pantry! Upstairs you will find extra hallway space perfect for a work space between the spacious bedrooms. Master suite is large and secondary bedroom has a balcony with a must-see views! Upgrades galore through out the home. Refrigerator, washer, and dryer included in sales price.

Investor Tools

Property Icon
$326,000
Estimated Property Value
$290,000Estimated Mortgage Balance
$46,422Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$663/month
$335/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,331
$184,442
2025
$50,000
$134,442
$184,442
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,331
$184,442

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$290,000
No
First
May 16, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,578
$46,422
14%
86%
$1,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$2,074/mo
$-134/mo
7.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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